Shepherd Ave Capital Acquisition Corporation
SPHAR
NASDAQ Global Market0.28
USD
-0.02
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Shepherd Ave Capital Acquisition Corporation
SPHAR
(NASDAQ Global Market)
Recent
price
0.28
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Shepherd Ave Capital Acquisition Corporation Shepherd Ave Capital Acquisition Corporation (NASDAQ:SPHAR), a blank check company incorporated in the Cayman Islands in 2024 and headquartered at 221 W 9th St, #859, Wilmington, DE 19801, operates as a special purpose acquisition company with no current operating business or revenue generation; its sole purpose focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities, without limitation to a particular industry or geographic location, though it targets companies featuring strong management teams, niche deal sizes with growth potential, long-term revenue visibility, defensible market positions, and benefits from U.S. public company status. The company offers investors Class A ordinary shares and rights, where each right entitles the holder to one-fifth of one Class A ordinary share upon consummation of an initial business combination; its securities trade on the Nasdaq Global Market, with units under SPHAU (now PGACU), shares under SPHA (now PGAC), and rights under SPHAR (now PGACR). Sponsored by Aitefund Sponsor LLC, it completed an initial public offering in December 2024 raising $86.25 million through 8,625,000 units priced at $10.00 each, including the full exercise of the underwriters' over-allotment option led by SPAC Advisory Partners. In March 2025, it changed its name to Aifeex Nexus Acquisition Corporation with ticker updates to AIFEU, AIFE, and AIFER, followed by another name change in August 2025 to Pantages Capital Acquisition Corporation with tickers shifting to PGACU, PGAC, and PGACR effective August 8, 2025; as of November 2025, it announced a non-binding deal with MacMines Austasia in the materials sector valued at $180 million, though no consummation has occurred and it remains in the search phase with a 15-month tenor plus potential three-month extension. The company conducts no substantive operations beyond its SPAC activities, maintains cash in trust at 100% of IPO proceeds, and provides public shareholders redemption rights in connection with business combinations or amendments to its memorandum and articles of association.